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Inflation is not dead. Gold will continue to glitter once fear subsides

17 September 2020 11:39 AM
Tags:
Gold
Inflation
Absa
Personal finance
Quantitative Easing
Absa group
investing
investments
absa cib
Absa Corporate and Investment Banking
Ilja Graulich
Tharisa
Bevan Jones
money printing
African Source Markets

There is just so much money-printing going on in the world right now, says Bevan Jones, CEO of African Source Markets.

Gold is trading at near all-time highs, but will investors lose interest when the crisis wrought by Covid-19 passes?


Related articles:


“Gold has always kept its value ever since the Pharaohs of Kush got theirs from the mines of Ethiopia,” says Bevan Jones, CEO of African Source Markets. “It has rallied on fear but also the sheer amount of quantitative easing that has come into the market. A lot of cryptocurrencies are also backing themselves with gold.

“I have no doubt that it’ll go back above $2000 - before the end of 2020 most likely - and continue going up. It will always keep its value as a hedge against inflation.

“Inflation is not dead. It’s in a deep slumber and it’ll come back like a thief in the night.”

“I understand why people hold onto gold as a store of value,” says Ilja Graulich, Head of Investor Relations and Communications at Tharisa. “I have gold in my portfolio. There’s an allure to it. I’m not sure inflation is dead.”

For more detail, listen or watch the discussion below.

Watch the entire, unedited discussion below.


17 September 2020 11:39 AM
Tags:
Gold
Inflation
Absa
Personal finance
Quantitative Easing
Absa group
investing
investments
absa cib
Absa Corporate and Investment Banking
Ilja Graulich
Tharisa
Bevan Jones
money printing
African Source Markets

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